Buying and holding a coin you believe in has proven to work often so far.

Trading is pure guesswork pretty much and you're at the mercy of brazen pump and dumpers. I'd leave that bit to others myself.

Um, so you're worried about companies going down and taking your coins so you switch to four companies that might go down and take your coins. That's not very sensible reasoning.

May we ask why you're so attached to letting anonymous entities have full control over your precious coins?

If you don't like hardware wallets, and I don't understand why not, then paper wallets are free. Phone wallets may not be 100% secure but they're an order of magnitude better than leaving your coins with a bunch of businesses.

No one has a clue where the price is headed but you're getting this speculation thing all wrong.

The key moment was when the news broke about the exchanges closing, not when the exchanges close.

No one'll give a shit by that point as it's been long since digested and priced in. The Chinese market is already a dead irrelevance. By the time their actual closure happens they'll be ghost towns.

And the two biggest Chinese exchanges don't close on the 30th anyway. Choose something else to focus on.

The only reason to leave anything in an exchange is if you're a super active traders. And even the very best traders will only leave a small amount of their overall net worth on an exchange if they have any sense.

If you have no need or plans to trade within the next hour then you're doing yourself a disservice by leaving it on there. Even if the exchange itself is fine, it's possible someone might get your login details and empty it.

It's a whole let better than Bitmex. Bitmex said either withdraw your bitcoins before the fork if you want bch or we'll keep whatever turns up. Now people are whining about this despite it being clearly stated.

It's been prominently displayed in the wallet section for quite sometime. You'd have to be pretty dim to miss it.

I got rid of mine there. Wish I'd gotten rid of the rest I have. The only news on the horizon is staggering increases in supply. Coin base will be the big one but xapo is over half a million on its own.

Schooled by a noob again. I must've sold up thirty times this week alone.

Bitcoin has been of use to me plenty of times already for international transfers and there are use cases that haven't even been guessed yet which'll be utterly ubiquitous some day. In the meantime I'll ignore the know nothings and stay put.

There's been child porn in the blockchain for years as far as I know. No one's said much about it in living memory. It would be interesting to see how a dedicated campaign of embedding filth and illegality would pan out.

That would make it 1.5 times more valuable than gold at current supply levles. That would have to mean governments were getting in on it but doesn't feel too likely right now but who knows what the future holds.

That's at current buying power. If bitcoin survives a one million dollar valuation is inevitable due to nothing but inflation.

Japan is the most cash heavy developed country by miles and miles. Anywhere else would be an easier achievement than there. Something like 85% of transactions are cash. How the hell are they going to wean their population off it in a couple of years?

The thirty day volume is thirty one bitcoins. Wow. That sure is 'exponential' if it was nothing last month.

With that volume it is completely and utterly irrelevant as any type of measurement. One dedicated seller or buyer would take it wherever they want it to go.

As ever if there's a ridiculous difference in price that sticks that means something isn't working and it's staying broken.

And let's lay off the Venezuela hyperbitcoinisation while we're at it. Weekly Localbitcoins volume was about 450 BTC.

If there's another Bitcoin fork then you might need those individual keys, it depends on how the wallets choose to incorporate it.

In almost all cases all you'll need is the seed.

If you really need individual keys then this will extract them - https://github.com/iancoleman/bip39  but it doesn't discriminate between used keys and unused ones so you may be in for a lengthy search.

Let's see whether they make an exciting comeback with new regulations before deciding they're forever closed, but overall it's fairly neutral.

It's not good that a huge population is being cut out of the market. The years of endless fuckery caused by China have not been good either.

China's irrelevance at the start of the year coincided with the huge rise. This says that they're not leaders and were probably suppressing the price.

If China never comes back then the market will be smoother and quieter. I for one will not miss them desperately.

Kidnapping in first world countries is a nearly dead crime. No one does it because they've almost always been caught and law enforcement descends en masse on that type of thing. And the kidnapper would have to be pretty stupid to ask for Bitcoin.

Law enforcement is getting cleverer all the time at tracing Bitcoin and someone somewhere trips up eventually.

Would I pay up? I wouldn't really have much alternative but I'd make sure I did everything I could to catch them out somehow. If there's a person involved then the kidnappers have a physical presence somewhere along the line unless they imprison them in their Japanese pod hotel and threaten to gas them remotely.

People who own Bitcoin bailing.

Exchanges have nothing to exchange and miners have nothing to mine if everyone's buggered off.

That won't happen en masse of course, and even if it did it wouldn't be all at once, but it seems mind boggling to me how blind all these players are.

They do not operate in a vacuum. They became these hideous succubi off the backs of thousands of little guys and gals who dragged Bitcoin out of nothingness with their passion and enthusiasm.

Users and buyers?

As a group they can't be consulted or cajoled or second guessed. They also have the power to completely destroy everything. They should not be fucked with yet all these willies are being waved in their faces with the expectation that they'll do what they're told.

I would not use or buy a Bitcoin that wasn't overseen by competent developers. Core are passive aggressive penises but they're also the best in the business.

I wouldn't mind at all if another group came along that proved they had what it takes. Nothing's come close so far.

All of this posturing is completely ignoring the incomparably huger element, us lot, that actually gave the entire thing a penny of value. I haven't got a clue how many people feel similarly, but 2X is a needless risk and no one's going to have much confidence in something that reckless.

I would never trust a significant amount to USDT. It's not USD, there is no guarantee it's going to be worth anything tomorrow.

If I was a relatively active trader I couldn't afford to remove my USD from an exchange. It takes days to move around.

Assuming you're in the right area exchanges like Gemini have banking charters so your funds are protected by full bank insurance up to a certain amount even if they themselves go tits up. That's about as safe as it gets.



You're forgetting one rather large thing which is the most common form of hack is your account details being compromised. The hacker then uses your stored fiat to buy all the crypto they want and it's all gone forever.

The only time your fiat is safe in a hack is when the exchange itself is breached which is a much, much rarer occurrence.

You need to 2FA everything including email and make sure your 2FA isn't via mobile phone as that's far too easy to hijack.

I've never seen anyone treated in any particular way because of their rank. There are plenty of legends who attract constant derision because of the pathetic shite they write.

It all goes on behaviour and newbies often behave in the ways outlined above.

Apart from the politicised miners like Jihan Wu, the rest of the Chinese miners are a bunch of thick whores who'll mine anything if it makes more money. I doubt most of them could identify a Core developer if one of them sat on their face.

The only thing miners respect is money. The money is now outside of China. If the money is sensible it's not going to put up with a chain split.

It's always silent here. And trading volume is always tiny apart from the occasional pump. It's not sad. It's the norm.